Riverview Acquisition, a blank check company targeting consumer, energy, and financial services enterprises, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Brad Martin, who previously served as CEO and Chairman of Saks from 1989 to 2006. He is joined by President, CIO, and Director Charles Slatery and CFO William Thompson III, who serve as the CEO and Chief Compliance Officer of NFC Investments, respectively. Riverview Acquisition intends to focus on consumer-focused enterprises, including e-commerce, on the energy services and renewables sector, and on the insurance and financial services sector.
Riverview Acquisition plans to list on the Nasdaq under the symbol RVACU. Cantor Fitzgerald acted as sole bookrunner on the deal.
